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Economists generally agree that a more productive workforce is desirable as it can lead to economic growth and higher national income. Proof of this can be seen from the difference between the average GDP of countries that have a majority of its workforce in primary industries and those countries whose workforce is mainly in secondary or tertiary industries. A more educated workforce also increases the likelihood of higher value added foreign investment as there will be a ready supply of educated labour.
As merit goods are not public goods, they are in effect excludable and exhaustible. An example is again, places in an educational institution...
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Common topics in this essay:
- Changes in the Workforce
- Generation in the Workforce
- Production and Workforce
- Production in the Workforce
- The Aging Workforce
- The Multicultural Workforce
- Workforce Diversity
- workforce changes since WWII
- Do You Have What It Takes? A Breakdown Of The Educated Person
- Mutlitcutural Workforce
- The ways how to become an educated person
- Why Be An Educated Person
- Some Expected Qualities Of An Educated Person
- DIVERSITY IN THE WORKFORCE
- Women and the Workforce
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